Signode Industrial Group LLC 401(k) Review & Grade
Signode Industrial Group LLC Retirement Plan
Tampa, FLManufacturing1,778 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,883Employer $ per active participant
$5,915Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$263.1MNet plan assets, end of year
$113,176Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 75th |
| Employee saving | 63th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Signode Industrial Group put in about $4,883 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,679,241 |
| Participant (employee) contributions | $10,513,311 |
| Other contributions (incl. rollovers in) | $1,416,491 |
| Administrative expenses paid from the plan | $244,737 |
| Other admin expenses | $244,737 |
| Benefits paid out | $29,690,807 |
| Net assets, start / end of year | $242.1M / $263.1M |
| Active participants, start / end of year | 1,870 / 1,685 |
| Participants with account balances | 2,325 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $162,651 reported compensation |
| Vanguard Advisers Inc. | $95,876 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101559NAL0009026994001, received 2025-10-15, EIN 80-0935607, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.